image credit: Unsplash

US Doubles Tariffs on Canadian Softwood Lumber and Contractors Expect Higher Prices

November 30, 2021

Via: ENR

The Biden administration’s Commerce Dept. on Nov. 24 followed through with expected anti-dumping and countervailing duties on Canadian softwood lumber producers, placing duties of 17.99% on their imports, more than twice the old rate of 8.99% from the Trump administration.

“These unjustified duties harm Canadian communities, businesses, and workers,” said Mary Ng, Canada’s minister of international trade, in a sharply worded statement. “They are also a tax on U.S. consumers, raising the costs of housing, renovations, and rentals at a time when housing affordability is already a significant concern for many.”

Read More on ENR